Member Info for eastern_investor

I am pleased with last week's updates and welcome the finance deal. Miner Steve, does make one key point, had the BoD or company had any credibility, this would have flown on the news but the market wants to see more detail first. For me the next steps will be critical;

The confirmation of the off-take agreement and that it is small given the small amount of finance that needs to be raised

The publication of a production plan with named contractors and scheduled milestones

Commencement of mine construction

First output.

Still, I am pleased with recent news and look forward to the next couple of months

Mr W, I hold LLOY but they are a lot less volatile then BARC so present less trading opportunities. Their lack of Investment arm has it's pro's and con's but I averaged down significantly in COVID so am happy with my relatively small holding there. I am mesmerized at how much their share stock was diluted following the '08 crash.

Out of interest, does anyone know when BARC was last over £4 and how many shares were in issue and what the dividend was then? It must be at least 10 years plus.

Sorry. I mean, Mr Wolf's, the other learn'd veteran of this board.

Mr A I admire your confidence. Remember we were discussing a peak at between 3.06 and 3.11 ?Well I held in the end but I do wake up newrvous each day. 10% is a big stretch from here ; would Mr A' s chart analysis help here

I agree with RMc2407 and have maintained that BZT remains a takeover target. To date, there has been no finance or production deal. CB has merely commented that things are 'progressing' and may have dropped a clue about a lack of interest in a recent interview. Going into a JV with BZT is a risk for anyone, no matter the potential resources.

BZT have no recent track record of production, only exploration. They sold Mankyan rather then move to production so in terms of due diligence that is a risk.

Similarly, CB has no recent history across his portfolio of companies of sustained production [please correct me if I am wrong]. Whilst XTR did move Manica to production they sold it quickly rather then develop it past the alluvial recovery stage so again from a due diligence perspective, look at the risk of a lack of experience. How many of his other ventures have moved to production even when in possession of licences ?

BZT is a small operation so do they have the capacity to effectively run a mine starting from scratch ?

The potential is huge and there has been no contrary opinion to Charles Archer's estimates of value so for a small outlay where is the greater potential of profit with less risk ? Tying yourself into a small firm with no corporate or individual track record or making a suitable offer and buying the whole company with the added benefit of a still significant share of Blackstone ?

OSV is the intern who occasionally posts trying to impress BoD by declaring all is well in CB land. Mr T is the Guv’nor of a South London merchants firm according to my associate Mr Boyce.

Well that is last week's head wobble over and done with. I did take advantage and bought some more at 3.60 which I then sold at 3.80 yesterday. This IS a volatile stock prone to over-reaction and has the thinnest of skins so owning part of the blue bird is not a stress free affair.

Looking at the chart, I do think it will hover around the 380 mark for a while yet. I would like to see a rise to £4 but I do fear storm clouds on the horizon, maybe sometime in the new year stemming from the AI stock surge , the US economy debt and soon to be unemployment levels, our lack of growth not too mention the odds on chance of a tantrum from the orange one. Q, do I have the confidence to call it and set a stop?

Mr T, that means CB has 10 weeks left to show some progress. My fear is that there will be an EGM in early or mid December where we will be asked to support the purchase of the processing plant based on the sale our BSX stock and that ' the wider finance and production plan are still being worked on...'

Three months ago I questioned if we would see a plan in the next quarter and sadly we have not. Will we see anything material by the end of January ?

Mr A. Who can tell how the blue bird reacts given how volatile it is ? The last wobble in Septemebr took a week to resolve and we did not have quarterly results to contend with.

Going with what we know, the US recovered overnight ans other banks have reported strong investment results so my guess is for a 1.5% recovery today and a nice 6p plus bound tomorrow.

Mathew Syed in The Sunday Times mentions a quote on the importance of striving from a certain South London entrepreneur which does remind me of our one and only CB .

Derek Trotter, CEO of Trotter Independent Traders, " I've always been an achiever, I've never actually achieved nuffin', mind you, but I've always been in with a shout."

Wow..Mr A and Mr T are back in the room ! Good times ahead or the bursting of the biggest bubble in history of the stock market ?

My spider senses are also twitching at trouble ahead but when to jump ? The blue bird keeps bouncing of the mid 380 mark like a fence that is just too high. Just a bit more for Christmas ?

We are 60 days in and completion with shareholder approval is required within 120 days.

I presume any EGM will need a notice period of 14 to 30 days so we should see some kind of notice in 2 to 4 weeks at the latest.

A suite in the Flamingo Villa Hotel in Walvis Bay is £275 a night. Got to get your exe’es’ in when you’re on a business jolly. . All to do with the Hope Project off course.

I was tempted to sell at 0.6 and then again at 0.9 as to date we still have no plan; CB has pressed the 'sell' button on his ASX stock trading software and released a few tempting tweets but nothing to bank yet. The purchase of the NZLM and processor was a shrewd move to his credit. However his overall credibility has been established over the past seven years in the shareholder returns from across his portfolio of companies and every day I consider selling out.

This company and XTR, which I hold, have tremendous potential and for that reason I am giving him the benefit of the doubt. I may regret holding and perhaps I am wearing clown shoes as I consider this decision and may rue this call but I am willing to stick this out for now.

I would still welcome a takeover so CB can retire with a nice handshake and be relieved of the all to heavy burden of corporate leadership and we the LTH who have invested thousands can see some return. He has a small window of time to put up or leave the table so let us see.

On the counter side, as others have commented, metals are at a high and CB is correct to point out the forthcoming shortage in copper so IF we get a deal soon, I would happily predict that this will double from here and I will message CB giving him my compliments.

I would be happy to see any multiple of this but we need news ASAP or this will deflate as new investors bank their profits and move on.

It is interesting that CB specifically mentions M & A. Is he hinting at an approach for one of his companies by a big player or a formal merger between two. I know I have banged on about BZT being ripe for takeover but there are other firms in his stable which have great potential but worse short term prospects.

For example, I would not complain about a takeover of XTR or even still BZT for the assurance of a good price.

Meoryou, thank you for this update, you should be a broker ! There is a sentiment that financials and even the whole market is over valued, but I thought we would have had a greater recovery by now since it went ex-dividend . I am still holding for now.

I like this rise as much as the next LTH having initially bought in at 0.3 many years ago. CB is selling the family silver, I only hope that is part of the finance and production deal and not a smokescreen to cover inactivity and pay salaries. If this is part of a wider plan, let's have this information and timeline by way of clear publicity rather then relying on the likes of Prickly to to have to keep probing for information.

Otherwise this is only a grace period before the suspicions once again surface of inactivity and sloth and the SP falls.

If there is a competent credible plan in the offing and I am sincerely hope there is one soon, then this is still undervalued and my prediction for 12 months time following production would be at least 0.3 even as part of a JV.

Come on CB, use the family silver to put some shovels in that rather empty ground behind the shiny new 'Hope and Gorob' sign pictured on X.

My apologies for the simple question but what caused the significant drop in SP at the start of September. I have held these for a while now as a dividend stock and cannot ascertain a reason. It is good to see a support level at this price but what was the key factor ? Thank you

Just imagining Sam Neil holding a piece of T Rex skin up to the light whilst the opening theme to Jurrassic Park plays in the background.